Tether Faces Market Share Erosion Amid Rising Competition and Regulatory Scrutiny

Tether Faces Market Share Erosion Amid Rising Competition and Regulatory Scrutiny

Tether’s USDT stablecoin has seen its market share on centralized exchanges (CEXs) shrink from 82% to 74% this year, signaling heightened competition and looming regulatory challenges. Despite this dip, Tether (USDT) retains its position as the most widely used stablecoin, boasting a market capitalization exceeding $100 billion. USDT's appeal lies in its stability and utility as a fiat-backed digital currency, facilitating smooth transactions...

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